Swiss ponder new break-up measures

The Swiss National Bank (SNB) is considering ways to possibly break up large banks and wind down some of their business units during difficult times.

Speaking in Berne on 18 June, Philipp Hildebrand, the vice chairman of the central bank, said in reviewing the regulation of financial institutions, there can be "no more taboos, given our experience of the last two years."

Hildebrand's comments came as the central bank unveiled its latest Financial Stability Report. The report discussed a number